Gazprom LNG Corporate Report

Company Report 16 December 2022

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

What’s the key takeaway from this report?

Gazprom's LNG portfolio is growing quickly. The ramp-up of third-party supply from Yamal LNG and Cameroon GoFLNG will increase its LNG supply from 1 mmtpa to over 5 mmtpa. Third party supply will also help Gazprom to target new markets aside from its traditional Asian buyers.

Yet, Gazprom's LNG strategy is once again focusing on organic growth - an area which it has had mixed success in the past. And its LNG projects face a number of hurdles. Will the company maintain LNG profit margins?

Why buy this report?

Get a considered analysis of the strengths and weaknesses of Gazprom’s LNG portfolio
Understand whether Gazprom will be able to maintain its profit margins
Gain a complete view of the risks to Gazprom’s LNG growth plans

This report comes with datasets and charts, including this one, tracking Gazprom's LNG sales by country over a 10-year period. Scroll down for a full list of the charts and datasets you will receive.

Gazprom's LNG sales by country from 2008 - 2017

Report summary

Gazprom’s LNG portfolio is growing quickly with the ramp-up of third party supply from Yamal LNG and Cameroon GoFLNG increasing supply into its portfolio from 1 mmtpa to over 5 mmtpa. Third party supply will also help Gazprom to target new markets aside from its traditional Asian buyers. Yet, Gazprom’s LNG strategy is once again focussing on organic growth, an area which it has had mixed success in the past. Sakhalin-2 Expansion and Baltic LNG are at the core of this growth strategy, with further small scale projects targeting the bunkering market. However, Gazprom’s growth plans are at risk from US sanctions, European politics and competition from Russian rivals. Furthmore, the majority of Gazprom’s LNG sales are on the spot market and with a well-supplied market in sight, profits could be tight in the coming years. Yet, with a low cost upstream supply source and its geographical proximity to major markets, Gazprom LNG projects are likely to remain economically attractive.

These reports provide unsurpassed proprietary data and analysis, underpinned by our industry leading asset models to help you understand your peers and competitors, and make the best strategic choices.

Recent Activity
- October 2019
- RusGazDobycha chooses EPC contractor for Baltic сhemical complex and Gazprom establish JV with Linde to develop LNG facilities in Russia
- September 2019
- Russian Ministry of Finance to support Baltic LNG
- Short to Mid-Term Model
- Third Party LNG makes up 70% of portfolio
- Targeting new markets.......
- .....but LNG will remain a complement to its traditional pipeline export model
- Organic Growth
- Gazprom strategy at risk from competition and politics at home and abroad
- Gas contracted into portfolio
- Gas contracted out of Portfolio
Flexible LNG and Regas Capacity
Tendering and Sales Activity
Contract Prices
WACOG/WAPOG
Shipping
- Gas into LNG
Liquefaction Capacity